Guideline Value for PUDHUTHANGAL MUVENDHAR STREET

Pudhuthangal Muvendhar Street guideline value

The current guideline value of Pudhuthangal Muvendhar Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Pudhuthangal Muvendhar Street has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged through the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,320 per sq.ft, marking a 10% rise from the previous year. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions available are from 2012, 2023, and 2024.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft as of 2024. The median guideline value in this area is Rs 1,650 per sq.ft, placing Pudhuthangal Muvendhar Street's 2024 figure below that median.

• Pudhuthangal Iyyapan Street: Rs 1,320 per sq.ft (2024)
• Pugalendhi Street: Rs 1,320 per sq.ft (2024)
• Pugavanathamman Street: Rs 1,320 per sq.ft (2024)
• Pushpa Street: Rs 1,320 per sq.ft (2024)
• Prabhu Nagar Anexe: Rs 1,320 per sq.ft (2024)
• Prabhu Nagar 3rd Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhuthangal Muvendhar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pudhuthangal Muvendhar Street?

The Sub Registrar Office that covers Pudhuthangal Muvendhar Street is the Chennai South Joint I Sub Registrar Office, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pallikaranai

The guideline value is a crucial factor when buying or selling property in Pallikaranai. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When a property is sold, the guideline value helps establish a baseline for the transaction. This ensures that the property is registered at a value that reflects the current market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Pudhuthangal Muvendhar Street?

The current guideline value of Pudhuthangal Muvendhar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase overall during this period.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot valued at Rs 1,320 per sq.ft, the total stamp duty and registration fees would amount to Rs 1,18,800, which includes a 7% stamp duty and a 2% registration fee.

Which Sub Registrar Office covers Pudhuthangal Muvendhar Street?

The Chennai South Joint I Sub Registrar Office covers Pudhuthangal Muvendhar Street, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the guideline values of other streets in Pallikaranai?

Other streets in Pallikaranai have a range of guideline values, with some streets like Pudhuthangal Iyyapan Street, Pugalendhi Street, and others at Rs 1,320 per sq.ft, while Prabhu Nagar 3rd Street is at Rs 1,110 per sq.ft as of 2024.